Episode 34: Colbún

10:45

In this new episode of BBVA Greenfluencers, we explore how energy companies can advance the transition to a cleaner power system while maintaining reliability, competitiveness and strong relationships with local communities.

We are joined by Miguel Alarcón, CFO, Colbún, one of Chile’s leading power generation companies, in a conversation filmed at the Canutillar Hydroelectric Plant in southern Chile. The interview examines how the company is embedding sustainability into its long-term strategy, combining renewable expansion, technological innovation and sustainable finance to support Chile’s energy transition.

The episode highlights how large-scale renewable projects —such as the Horizonte Wind Farm, one of the largest in Latin America— together with investments in energy storage systems (BESS) are helping integrate variable renewable energy while ensuring system flexibility and security of supply. The conversation also explores how Colbún is working closely with communities from the early stages of project development to promote local value creation and long-term partnerships.

Beyond generation, the interview discusses the growing role of sustainable finance, including green bonds and sustainability-linked financing, in enabling investments that accelerate decarbonisation while maintaining the resilience and competitiveness of the energy system.

BBVA reinforces its own commitment to sustainability by supporting clients like Colbún in structuring innovative financing solutions for renewable generation, energy storage and infrastructure, contributing to the bank’s ambition to mobilize €700 billion in sustainable finance between 2025 and 2029, fostering transformative impact for people and the planet.

• How Colbún is combining renewable expansion, energy storage and system flexibility to support a balanced energy transition in Chile.
• The role of sustainable finance, including green bonds and ESG-linked financing, in accelerating investment in clean energy infrastructure.
• How early dialogue with communities and territorial engagement help ensure that the energy transition delivers long-term social and environmental value.